Michigan Gaming Control Board votes to renew three Detroit casinos licences
The MGCB has voted to approve licence renewals for MGM Grand Detroit Casino, MotorCity Casino and Hollywood Casino at Greektown.
US.- The Michigan Gaming Control Board (MGCB) has unanimously voted to approve the one-year renewal of the licences for the three Detroit casinos: MGM Grand Detroit Casino, MotorCity Casino, and Hollywood Casino at Greektown. The vote was made yesterday (August 15) at the MGCB’s regularly scheduled public meeting.
The three Detroit casinos would each be eligible for licence renewals again in August 2024.
MGCB executive director Henry Williams said: “Renewing a casino licence reflects an ongoing commitment to operate a reputable and responsible establishment. It signifies a dedication to maintaining high standards of quality, security, and fair play within the industry.
“The renewal of these licences is validation of the casinos’ commitment to operating as responsible and valued corporate citizens within Michigan that contribute positively to the state’s gambling industry while ensuring a safe and enjoyable experience for all patrons.”
The Michigan Gaming Control and Revenue Act establishes the casino licence application process and the information applicants must share with the MGCB. For a licence renewal, the MGCB must conduct an evaluation of various aspects of the casino, such as its financial stability, operational integrity and adherence to legal and regulatory frameworks and responsible gaming practices. Three votes are required for renewal to be approved.
Michigan igaming and sports betting revenue drops to $169.3m in June
Michigan’s commercial and tribal operators reported a combined $169.3m in gross Internet casino gaming and sports betting receipts for June. That’s a decrease of 8.9 per cent compared with May’s $185.8m.
The Michigan Gaming Control Board reported that internet gaming gross receipts were $151m and gross sports betting receipts $18.3m. Combined igaming and Internet sports betting adjusted gross receipts (AGR) were $146.1m: $136.9m from igaming and $9.2m from internet sports betting. That’s a 1 per cent increase and 58 per cent decrease, respectively, compared to May 2023. Compared to June 2022, igaming AGR was up by 25.1 per cent and sports betting by 83.9 per cent.
